S. 2612IntroducedCOMMERCE
Small Business Lending Stimulus Act of 2008
Authorization · Economics and Public Finance · Federally-guaranteed loans
Sponsor
Sen. Kerry, John F. [D-MA]
D · MA
Key facts
Introduced: Feb 7, 2008
Chamber: Senate
Cosponsors: 0
Congress: 110th
Latest action · Apr 16, 2008
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 110-776.
Summary
Small Business Lending Stimulus Act of 2008 - Directs the Administrator of the Small Business Administration (SBA) to reduce in 2008 the rate of certain loan fees imposed under the Small Business Act and debenture fees under the Small Business Investment Act of 1958.
Authorizes appropriations for FY2008: (1) to cover such rate reductions; and (2) for direct loans and assistance under the SBA Microloan Program.
Amends the Small Business Investment Act of 1958 to authorize the SBA to refinance certain existing debt of small businesses that received prior loans for plant acquisition, construction, conversion, or expansion.
Summary by Congressional Research Service.
Timeline
- Apr 16, 2008Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 110-776.
- Feb 7, 2008Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Feb 7, 2008Sponsor introductory remarks on measure. (CR S793-794)
- Feb 7, 2008Introduced in Senate
In the News
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